7,848 Shares of BWX Technologies, Inc. $BWXT Purchased by Accordant Advisory Group Inc

Key Points

• Accordant Advisory Group purchased 7,848 BWX Technologies shares worth approximately $1.075 million, while institutional investors collectively own 94.39% of the company.
• BWXT reported quarterly EPS of $1.07, beating estimates by $0.03, with revenue rising 18% year over year to $901.62 million. Analysts expect full-year EPS of $4.75.
• The stock opened at $130.48, well below its 52-week high of $241.82. Analysts maintain a consensus “Moderate Buy” rating with a $205 average price target, despite several recent target-price cuts.

Accordant Advisory Group Inc purchased a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,848 shares of the technology company's stock, valued at approximately $1,075,000. BWX Technologies comprises about 0.7% of Accordant Advisory Group Inc's investment portfolio, making the stock its 29th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Cannell & Spears LLC lifted its position in shares of BWX Technologies by 4.0% during the 1st quarter. Cannell & Spears LLC now owns 1,312 shares of the technology company's stock valued at $251,000 after acquiring an additional 50 shares during the period. Private Advisor Group LLC lifted its holdings in BWX Technologies by 2.4% during the first quarter. Private Advisor Group LLC now owns 2,847 shares of the technology company's stock valued at $582,000 after purchasing an additional 67 shares during the last quarter. Modera Wealth Management LLC boosted its position in shares of BWX Technologies by 4.6% during the 1st quarter. Modera Wealth Management LLC now owns 1,757 shares of the technology company's stock valued at $359,000 after acquiring an additional 77 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of BWX Technologies by 3.3% in the second quarter. IFP Advisors Inc now owns 2,442 shares of the technology company's stock worth $475,000 after purchasing an additional 79 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of BWX Technologies by 7.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,244 shares of the technology company's stock worth $273,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 94.39% of the company's stock.

BWX Technologies Trading Down 0.2%

NYSE:BWXT opened at $130.48 on Monday. The stock has a market capitalization of $11.95 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74. BWX Technologies, Inc. has a fifty-two week low of $123.05 and a fifty-two week high of $241.82. The business's 50-day simple moving average is $143.52 and its 200-day simple moving average is $184.80. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.40 and a quick ratio of 2.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The business had revenue of $901.62 million for the quarter, compared to analysts' expectations of $902.41 million. BWX Technologies had a return on equity of 30.83% and a net margin of 10.11%. The firm's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS. Sell-side analysts expect that BWX Technologies, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at BWX Technologies

In other BWX Technologies news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $172.50, for a total value of $1,725,000.00. Following the completion of the sale, the chief executive officer directly owned 192,491 shares of the company's stock, valued at approximately $33,204,697.50. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Northland Securities cut their price objective on shares of BWX Technologies from $250.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 30th. BNP Paribas Exane cut their price objective on BWX Technologies from $190.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, September 24th. Truist Financial dropped their price objective on shares of BWX Technologies from $202.00 to $182.00 and set a "hold" rating on the stock in a research note on Tuesday, October 6th. Guggenheim reiterated a "buy" rating and set a $192.00 price target on shares of BWX Technologies in a report on Wednesday, September 30th. Finally, Weiss Ratings cut shares of BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.00.

BWX Technologies Profile

BWX Technologies, Inc NYSE: BWXT is a specialty manufacturer and services provider focused on nuclear technology. The company designs and manufactures nuclear reactors, reactor components, nuclear fuel and related equipment, with a major emphasis on highly engineered systems used in naval and commercial applications.

BWXT is a key supplier to the U.S. government, supporting the U.S. Navy's nuclear-powered aircraft carriers and submarines through reactor design, component manufacturing, fuel production, maintenance and life-cycle services.

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